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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

FULLY FITTED VAT FREE TAKE AWAY INVESTMENT *** Ground floor commercial premises in EXCELLENT TRADING POSITION on Busy Thoroughfare. Producing £5,400p.a (under rented) VAT FREE PURCHASE

The property is held on a full repairing and insuring head lease expiring 13th April 2034 passing £5,400p.a. The lease is guaranteed on a personal name with an ERV of £7,500 - £10,000p.a

Compromises: Customer servery space to the front with partition separating the open plan kitchen area. There is a partitioned w.c to the rear of the demise. The property is presented in good condition

The area has been calculated to extend to the following net areas: Area: 61.06sqm (657sq ft) Ground floor retail unit with single frontage contained within an end-terraced two storey building

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £5,400p.a (under rented)

INCOME PRODUCING INVESTMENT*** Hot Food Take Away. Ground floor commercial premises in EXCELLENT TRADING POSITION on Busy Thoroughfare. Producing £5,400p.a (under rented) VAT FREE PURCHASE The property is held on a full repairing and insuring head lease expiring 13th April 2034 passing £5,400p.a. The lease is guaranteed on a personal name with an ERV of £7,500 - £10,000p.a Compromises: Customer servery space to the front with partition separating the open plan kitchen area. There is a partitioned w.c to the rear of the demise. The property is presented in good condition The area has been calculated to extend to the following net areas: Area: 61.06sqm (657sq ft) Ground floor retail unit with single frontage contained within an end-terraced two storey building. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £5,400p.a (under rented)

The subject property is situated on the east side of High Glencairn Street between East Netherton Street and James Little Street, close to Kilmarnock Town Centre Kilmarnock is situated within East Ayrshire and serves as the main administrative centre of the Council. The town has a resident population of approximately 46,159 persons and draws on a wider rural catchment and population of surrounding towns and villages.

Full Address: 14 High Glencairn St, Fully Fitted Take Away, Kilmarnock, KA1 4AD

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 8 Years
Rent: £5,400 per year / £450 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: The property is held on a full repairing and insuring head lease expiring 13th April 2034 passing £5,400p.a. The lease is guaranteed on a personal name with an ERV of £7,500 - £10,000p.a

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Pricing Information & Bidding

Opening Bid: £60,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 30 April 2026, 10am-3pm
Type: Timed Online Auction

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